Canara Bank: unclaimed shares transferring to IEPF by year-end 2025

Canara Bank announced the impending transfer of equity shares with unclaimed dividends for seven or more consecutive years to the Investor Education and Protection Fund (IEPF) by December 31, 2025. This action is mandated under Section 10B of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, Section 124(6) of the Companies Act, 2013, and Rule 6 of the IEPF Authority (Accounting, Audit, Transfer and Refund) Rules, 2016.

The bank previously transferred unclaimed/unpaid dividends for the financial year 2016-17 to IEPF on November 11, 2024. Additionally, unclaimed/unpaid dividends related to the erstwhile Syndicate Bank for the financial year 2014-15 were transferred to IEPF on August 25, 2022. Affected shareholders were informed via special communication on September 29, 2025, advising them to claim their dividends before the December 31, 2025 deadline to avoid share transfer.

Shareholders holding physical shares will have new certificates issued in place of their original ones, which will be deemed cancelled and non-negotiable upon transfer to IEPF. For those with dematerialized shares, the shares will be transferred directly to the IEPF demat account. All future benefits associated with these shares will also be transferred to IEPF. Once transferred, claims for unclaimed dividends or shares against the bank will not be entertained. The complete details of shares due for transfer to IEPF are available on the bank’s website at https://canarabank.bank.in/shareholder-information. Shareholders can reclaim transferred amounts and shares by applying online via Form IEPF-5 on the Ministry of Corporate Affairs website (www.iepf.gov.in).